12/26/2016

No normal growth for Singapore economy

There is this article in the TRE by a blogger called 'Jialut Liao' with the title 'Singapore economy will never have growth again'. Let me quote the first paragraph.

The economics headlines for Singapore have been bad. The predictions for 2017 are gloomy. Still… i have this nagging feeling that we are not getting the full picture ( or our Gov is not telling the whole truth)....

I agree that we are not getting the full picture and the govt is not telling the whole truth. So let me enlighten the readers on the whole truth and the exceptional strength of our economy. Look at the positives, the most important point is that Singapore has an exceptional govt, some called it abnormal govt because they were paid abnormally. But this is really Singapore's trump card, all the aces in the hand. Our govt are made up of very exceptionally talented men and women and they are worth every cent they are being paid. And everyone is paid more than the President of the USA, including junior ministers. If you care to dig deeper, many ordinary MPs are also earning more than the President of the USA. And if you know their real take home pay, you will faint, shock to know how talented they are. This is the quality and depth of talents that Singapore has.

With this exceptional and abnormal govt, you cannot expect normal growth but exceptional and abnormal growth for Singapore. I am sure with this little truth all Singaporeans can now sleep in peace. The ministers can.

And this is not all, we have the best of everything, the best school system and universities that always produced straight As students and no failures or unmentionable small number of failures. In other words our education system has no wastage, producing the best workers and most employable workers in the world. We even have excess of these talents to spread to the world. And this is real serious, the most talented and productive workers that are in demand all over the world, maybe not here.

We have the best infrastructure, public services, hospitals, transportation, best and most efficient sea port and airport. We have the best shopping centres and food paradise. Singapore has everything good here, everything is happening in Singapore. And we can splurge on anything we want, F1, Youth Olympic, miracle gardens, paying hundreds of millions for foreigners to run our top universities, maybe spend a few billions to buy F35s, the most expensive warplanes in the world. Singapore could just stop splurging on these luxuries and fantasies, it could easily save hundreds of millions for abnormal growth.

The slight slow down in the economy has nothing to worry about. We have millions of cheap labour from the neighbouring countries that came here to create more jobs for Singaporeans. And if the economy expands, we can import more, and the economy is expanding and our target is 6.9m and more, some say 10m. We have not reached our full potential yet. Singapore can sign more CECAs to bring in more talents to boost the economy. We still have a lot of land to build flats and shopping centres and food courts. If need be we can have a few more casinos.

Wait for the completion of the 4th and 5th international airports, the Jewel, and the world's biggest port in Tuas. I could go on and on. Singapore's advantages and strength are unlimited. And if things need a little boosts, just raise the salaries of the leaders to spur them to work even harder and max their super talented skills.

Yes, with exceptional and abnormal talents in charge, Singapore will not have normal growth, but exceptional and abnormal growth. Maybe there will be more 15% GDP growth. And I have not spoken about our secret weapon, the huge reserves that are being invested wisely in everything all over the world, zealously guarded by the most talented president in the world, and giving abnormal returns annually, I think better than Warren Buffet's fund.

Sleep well Singaporeans, you are in good hands. Don't listen to rumours and doomsayers.

I have came across funds inflows and outflows per qtr. Was surprised inflows bonds ie loans and out flows was only 6 billions almost equal, so small. But a catchy figure was difference between cpf. The outflow was 30 millions more than inflows, ie each month 10millions short of cash. Little dot garmen borrows more than 410 billions. about 300billions from cpf, balance should be from residents within boundary.

Cpf comes from jobs, every money drawings is 10 million short, why still give jobs drawing $2k and above to foreigners? THere are 600k PR+400k S,E passes, total 1000k foreigners working on jobs easily above $2k. Every month these 1000k foreigners pmet remits 1k out of little dot, it is a constant drawing from economy: $1000,000,000. Solid cash easily $1billions is not circulated in economy. I can guess the correct figure is $3 billions at least mainly to india, $1billion is the floor figure.

In sum, foreigners takes cash out $1billions from salary is unchangable. With this extra cash, more businesses will be benefited from the circulation. 600k PR actually creating external debts and not savings for little dot. When PR goes back, all CPF are taken out from economy. That is inside the $10millions drawings shortfall in cash in cpf.

Can reader see there is room for change. Remove the PR will help the economy. Remove the S E passes will help to reduce PR.

If voters keep voting for Pap, the shortage of cpf repayment will result smaller drawings out. On a sudden crisis, PR running out will draw out all Cpf, this will be interesting when PR keeps increasing to reduce the numbers in S,E passes.

The points on external factors are clear cut. Trumps will tax all imports at 5%, his team now is talking about 10%. Little dot s S$ was adjusted to 1.2 per USD by increasing population of 2.6 millions. S$ now at 1.45 should be due to funds run off: to Indon about 40 to 50 billions for secret tax hiding, and funds running back to US for interest. When population keeps increasing, the S$ moved up by MAS will tax on export to US as in the past shown. With Trump s 10% duties on all imports, little dot s export will do very well. US importers will give up the expensive suppliers, shift to china s products or parts. This will kill off the strong demand on all little dot exports.

Little dot s dear leader said would continue to open for foreigners to stream in. More foreigners will help to draw out cash from the ever strong little dot economy. Watch the debts piling up at public side. Watch the banks close accounts for those cannot pay the loans. More lelong on properties for the rich citizens to pick up. One professor argued that citizen earns $72k per year. Its time to pick up cheap properties on lelong. And vote for Pap for more lelong on the time lines. No need to work, jobs let foreigners to do, citizens make money on property price increase, that s Pap s way to live in little dot ever strong economy.

Wow,the author has painted a nice future about Sinkieland on a positive note..ask yourself 1 question..can it last? For how long ? How many Kingdoms or Dynasty can last long long in history? Name 1 Sinkieland Brand that is well-recognized in this planet ? Probably very very very few..though Sinkieland have many local talents but few really make the mark in the international stage..as 1 prof from Taiwan already mentioned Sinkieland Sinkies have poor DNA & poor genes, most of their ancestors & forefathers came to Sinkieland with a short & singlet ( some with no underwear) & have poor hygienic habits with poor cultural background, most of the forefathers were from the farmers or peasants ( not even the talented magistrates category)so how can Sinkieland have many local talents, it's impossible..the proof can be found as Sinkieland have no Nobel prize winners, no breakthrough in Science & Technology ( only 'Copytology' & Modifylogy)..many of those so called talented locals already migrated overseas (mostly to US, EU, & Aussies)..so how can Sinkieland stay exceptional in the future 4ever? Really?...

The economy is defined by GDP which means goods and services. Human needs are finite, so how can economic growth be infinite ? The more growth we push for at this stage just means that we have to work longer and harder, then spend money on expensive and inconsequential things that don't matter.

This whole meta political view of infinite economic progress just serve interest of the rich elites. Lead a simpler life, you'll be happier.

Definition of corruption------------------------------a : impairment of integrity, virtue, or moral principle : depravity b : decay, decomposition c : inducement to wrong by improper or unlawful means (as bribery) d : a departure from the original or from what is pure or correct

https://www.merriam-webster.com/dictionary/corruption

Singaporeans tend to think of "corruption" in terms of definition "c" above.But as you can see.We should be equally concerned about "a", "b" and "d"

Has Singapore society become corrupted under this broad dictionary definition?

Make the Sinkie opposition united, strong and ready to be govt,...1:00 pm

But why that did not happen in Sep 2015? Yes, they were strong by contesting 100% seats, but they were not united as one. Some of their leaders were not even on speaking terms with each other, let alone anything else. Majority Sinkies have shown no confidence at all in this type of opposition.

And if it cannot happen in 2015, can it happen in 2020?

If I am not even a millionaire now at 50 years old, can I be a billionaire in 2020?

Abnormal growth can be high growth, Low growth or no growth. It's like my Australian Friend who used to tell me when I was studying in Australia that some Australian girls have big tits, some small tits and some no tits.50 years later I think I can get se the same example on economic growth😀😀😀 so must thank him for his comment if I can find him and if he is still alive

Opposition might have convey messages like "high cost of living", i think it was language that voters did not get it clearly how cost of living affected them.

Under the same pm, 20years implementing foreign talent free border policy, S$ in language to be understood is getting "smaller".

If someone bought a flat for 100k 20yrs ago and now sold it for 400k, his money is more in account, but when he buys another 3 room flat, his money is gone. 3 room flat at kallang is around 500k. But the same person earns almost same salary. 20 yrs ago made 3k as manager admin, now still make 3k as manager admin.It means S$ money is smaller. Can buy fewer things in the same span of life.

The economy is not improving life for the average population.

Opposition members need to put their message in easy to grasp language. Cost of living is no easy to understand for voters. Voters in fact should have suffered for the shrinking S$ in buying things, but they did not notice it that it was caused by the Pap globalization policy of freely issuing employment pass and PR to increase population.

A Saying: Running A Business is like Riding a Bicycle. You Cannot STOP Pedaling.

But our wise Men and Women left them to Auto Run. Suddenly short-circuited or run out of power, you FALL.

If GKS, HSS, LKS and many others just have the Resources of what the Present Day Ministers have in their days, SINGAPORE WILL BE REALLY NUMBER ONE WITH Sin Dollars at par with the US$.

With our billions in reserves, Goh Keng Swee, Hon Sui Sen and Lim Kim San would have utilised this vast resources to build up our Present Day Generations of Highly Educated and Smart children into technology and business entrepreneurs.

Singapore would be like the Taiwanese, the PRC producing Lenovo, Hua Wei and HTCs and XioMi.

Our current crop of Ministers goes for the soft options. They went for the Prestige business. Depending on Tourism, Casino earning, become Property salesmen and etc.

On PSA Ports for the Entrepot Trade. When World business down, shipping business suffered.Traditional rig building and oil industries. When these goes kaput, all follwed suit.

Our Reserves goes to Investments punting. Just like Casino gambling. Investing in shares and what funds in other swindling countries.

History shown many previous well to do and wealthy companies with traditional hard business went into Properties and Shares, stocks investing and they goes BUST.

Heard of Chop Hoo Thye, The Abalone King?? Many of them went for the qucik monies and throw everything into these scams and lost.

Now our Temasick No difference following the same paths to destruction. Our Banks with bad loans for they bankrupt industries.

With No solid manufacturing high tech bases of producing high tech goods, and only kept on selling our land and properties, it will come to a halt with nothing left to offer.

Now, we are in a quandary.Shipping trade lessen. Most countries also gian png to come as Tourists. Only have cheap labour trashes in our workforce.

Can only depend on the parasitic numbers on food consumption and self spending internal construction.

Will dry up soon as the purchasing power became less and less.

MOT, many be out of jobs with NO REAL Economic Growth.

Had so many head-starts with our Billions and Educated Force but does not capitalize them

Do you think the biggest mistake we could ever make as a voter is to assume that PAP is on the side of Singaporeans?Actually hor. I think PAP is on the side of PAP.And if Singapore and Singaporeans benefited ... it was just by accident.

/// With our billions in reserves, Goh Keng Swee, Hon Sui Sen and Lim Kim San would have utilised this vast resources to build up our Present Day Generations of Highly Educated and Smart children into technology and business entrepreneurs. ///

What for you want to do this?If you do this, then PAP will no longer be number 1.If like this, then Singaporeans will be number 1 and not PAP.So why would you want to help Singaporeans to "climb over your head" ... you tell me lah!

"It means S$ money is smaller. Can buy fewer things in the same span of life....."3:18 pm

That's very true and any sensible Sinkie knows that without anyone telling them.

But the reality is that majority Sinkies also do not think the opposition, which is not even ready to govern, let alone can do better than PAP to make S$ money bigger to help Sinkies.

And it may not be so simple as to just stop issuing more EP or PR to foreigners. Doing that may make S$ even smaller and economy much worse and all, including elites, will suffer and more. So why would PAP want to do that?

Once upon a time, there were three friends - a dragon, a fly and a dragon fly. They had all enriched themselves with other animals' and plants' produce and labor.

The dragon consumed vast amounts of fishes from the ocean everyday and fresh water from the lakes and rivers. Once a while it would draw tons of water from the sea and cause heavy rainfall and thunderstorms.

The fly ate upon rotten foods, dead animal carcasses and swills and rubbish from the dumping grounds.

The dragonfly ate other flying insects, particularly midges, mosquitoes, small butterflies and moths. It also sucks nectar from flowers and juices from plants and fruits.

Owing to their promiscuity and lack of birth control, they multiplied like blazes. Soon the habitats they were living in became over-populated. Food supplies were running out fast. They had to think of something in order to survive.

The dragon told the fly and dragonfly that during his flights around the world, he had heard and seen a tiny island known as the Little Red Dot. He said it was a magical island ruled by a Wizard King, who had the power of casting magical spells and used them to enrich his ministers, cronies and sycophants, as well as to dull the brains of his citizens so that they could never rise up and revolt against him, so that he could rule forever and ever. He also told them that any foreign animal, insect or pest could easily find foods on that tiny island if they were willing to accept the Wizard King as their Ruler forever. The dragon then suggested that they migrate to this Little Red Dot to live a life of plenty and happiness.

The fly and dragonfly listened in awe and both agreed to the dragon's suggestion to migrate to the Little Red Dot. Immediately, the two of them picked-a-back upon the dragon and in a jiffy, the three of them reached the Little Red Dot. They surveyed the island from the air and easily found a little niche where all the three of them could reside together comfortably.

To the local citizens of Little Red Dot, the Foreigners were pests that had come to share their foods. However, to the Wizard King, they were much welcomed because they were Foreign Talents who told him that they could fly by night as well as day. Moreover, everywhere they flew they sang praises for him. Because only three of them had intruded into their sanctuary, the local citizens totally disregarded the Trio's presence and went about minding their own businesses as though nothing had happened. Moreover, they were extremely afraid of their Wizard King, who had a magic knuckle-duster that could turn any of them into dust simply with a few magic words.

One day, the Wizard King died. His eldest son took over the Throne in a silver-plate with golden spoon. He also took over the Magical Knuckle-Duster. However, he had forgotten the magic words that his father had whispered to him. At first, he simply showed that Knuckle-Duster to his ministers and citizens and all would be as afraid as when the Wizard King was alive.

As time past, the tiny island began to have numerous problems, ranging from bread-and-butter issues, to social, racial, religious, cultural and political issues. The local citizens began to suspect that something was not right. They started to look around the island and found to their horror that there were hundreds of thousands of dragons, flies and dragonflies plus other pests intruded, infested and invaded their Little Red Dot. The number had became so huge that the local citizens had been out-numbered 3:2 and counting.

In the mean time, the Royal Family's squabbles started to become public news between the New Ruler and his younger sister and brother. The sister then leaked out that the New Ruler did not know how to use the Knuckle-Duster because he had forgotten the magic words. As a result, he had abused his power by concealing the truth from his ministers and citizens. Imagine the great shock the local citizens had! "What? Our New King does not have any magic power!", ministers and citizens exclaimed in total disbelief.

Suddenly, surveys began to show that the foreign pests had not only consumed most of the foods, occupied their living spaces and used their common facilities and amenities (to the extent that an 8-hour waiting time at any public hospital was a common sight), but also sent foods back to their relatives and friends living in their original habitats. This made the local citizens furious but they were powerless to do anything because their brains had already been mesmerized by the Old Wizard King, who was already dead and nobody was able to un-spell the magic spell cast upon them. No wonder they continued to be and continued to support the useless New King, as though he was the same as his Wizard Father.

Year after year, the New King of Little Red Dot enjoyed unfettered power to rule over the whole country and boasted of his ability to every foreign dignitary that happened to visit his tiny Kingdom. He became so arrogant and conceited that he even dared to punch above his weight and all his ministers and minions followed suit, punching everybody above their weights everywhere they went.

There came a time when this New King and his Ministers punched too much above their weights upon a Huge Dragon Country that had just rise from its slumber for a long time. The Emperor of this Huge Dragon Country was very disturbed and annoyed. He then ordered to show this Little Red Dot a thing or two, so that its New King could know where he really stood in the World.....

anon 5:54pmIt meant you missed the boat. When influx of foreigners at peak, inflation was 5.5%, called chronic level of inflation. MAS adjusted S$ up against USD to 1.2 to 1 USD.

To buy 10millions USD, someone paid S$12millions. I remember many little dot rich bough properties in UK and elsewhere, one report said bought an island for "staff" use.Now the S$ requires S$14.5 millions to buy USD10 millions. That is for external, if you were rich, you earn.

Due to the influx, prices of properties rapidly shot up within inland. The rest you should know from someone s earlier post. Flat for 3 room is half a million, while salary remains stagnant over the years. Middle class and poor are hit by the influx.Their money is smaller. Elites and rich bought overseas properties, they gain.

My projection is: another influx of foreigner of 2 millions is possible to help clear condo stock. If you have lots of cash, stand by to see which overseas country is your choice.

This kind of massive influx of foreigners policy is the worse economic policy for the average or poor people. You still want to vote for Pap, that why i said, opposition need to come out clear messages to voters. Just mention "high cost of living" is not clear, voters are daft.

Sin is in the Hands of Mathematician and magician.The Proof is in tge Statistics.Andthe Glorious Surveys and Statistics show that exportfor November 2016 beat theForecast by experts by a huge margin.The SGX Index also has beenclimbing and went over the 2,900 points.Sin Students lroved that theyare best in Mathematics andmany other subjects.

There came a time when this New King and his Ministers punched too much above their weights upon a Huge Dragon Country that had just risen from its slumber for a long time. The Emperor of this Huge Dragon Country was very disturbed and annoyed. He then ordered to show this Little Red Dot a thing or two, so that its New King could know where he really stood in the World. His orders were to launch a 5-wave offensive against this Little Red Dot over a prolonged period of ten years in order to bring "those arrogant bastards to their knees and when that happened, they will never be able to see the light of day"!

The plan of the 5-wave offensive were as follows:

1. The initial wave of attacks was to detain and/or confiscate all Little Red Dot's properties located upon the soil of the Huge Dragon Country that violated international laws and/or local laws, rules and regulations.

2. The second wave of attacks was to expell and/or sack all Little Red Dot's personnel working or living within the land and jurisdiction of the Huge Dragon Country, especially those in the banking, finance and service sectors.

3. The third wave of attacks was to stop and/or withdraw all her trade deals, commerce and businesses with the Little Red Dot across the whole world, with total disregard to International Laws.

4. The fourth wave of attacks was to pull out all her personnel, finance, services and logistics from the Little Red Dot.

5. The fifth wave was to be launched simultaneously and in parallel with all the above four waves. This was a diplomatic and political offensive upon the Little Red Dot through all friendly and neutral countries in the world as well as at the United Nations and other similar International Bodies.

The plan was launched immediately when opportunities and timings were ripe. When the first two waves were initiated, words started to get their way to the New King of Little Red Dot, who was still oblivious of what the hell was going on, acting naively innocent and above board that nothing he and his ministers had done was wrong. He simply kept very quiet, without even utter a single word. He allowed his gang-ho ministers to say and do whatever they pleased.

The relationship between Little Red Dot and the Huge Dragon Country got worse and then turned to the worst.

When the third wave of attacks was about to take place, leaks about the Huge Dragon Country's 5-wave offensive was deliberately sent to the New King of t he Little Red Dot. When he heard it, his jaw dropped, his balls shrink and his urine flowed out uncontrollably, wetting his pants in front of his old-hag personal secretary. He could not eat nor sleep for several days and nights, worrying about the capitulation of his Throne and the demise of his tiny island. His Queen, by the name of "Jinx Forever", told him not to worry too much and that she would handle the whole matter for him. She said she would use the citizens' money, which was put under her control by the Old Wizard King, to bribe a few high officials in the Huge Dragon Country. The New King was consoled and managed to have a good night sleep after drinking two bottles of beer (root beer).

The next day, Jinx Forever put up in her Facebook Page a picture of an Ape with its middle finger pointing up, and looking at the photo of the Emperor of the Huge Dragon Country. This went viral in Cyberspace within hours. Citizens of the Huge Dragon Country were furious and some went berserk, burning flags of Little Red Dot and effigies of its New King and Queen. Most of them felt offended and insulted ......

The next day, Jinx Forever put up in her Facebook Page a picture of an Ape with its middle finger pointing up, and looking at the photo of the Emperor of the Huge Dragon Country. This went viral in Cyberspace within hours. Citizens of the Huge Dragon Country were furious and some went berserk, burning flags of Little Red Dot and effigies of its New King and Queen. Most of them felt offended and insulted. Jinx Forever had just opened the Pandora's Box. "How dare this arrogant bitch so blatantly, crudely and rudely insult our Emperor and offend our Great Country!" they shouted in unison, without the need for rehearsals.

Before long, within the same day, demonstrations, protests and marches were taking place in all major cities in the Huge Dragon Country. On the next day, they spreaded to all the major cities of the World, and also throughout the tiny island of Little Red Dot. Citizens of the Huge Dragon Country influenced all the dragons, flies and dragonflies that had migrated to the Little Red Dot to join in the demonstrations and protests. They did it willingly and vehemently, and even more viciously. All Hell broke lose!

The New King of Little Red Dot, who was usually very afraid of his ugly-face, dracula-teeth, muscular manly-build wife, pulled up his courage and scolded her. "Jinx Forever, why are you doing this to me? You told me not to worry and that you would help me to bribe those high officials of the Huge Dragon Country! Instead, you insulted the Emperor of that country with your idiotic post on the Facebook!"

Jinx Forever replied, "My Dear One, I was merely trying to punch above my own weight, just like what you and all your ministers and minions had been doing. Though I am a woman, I do not want to feel inferior in any way. You know what I mean, Dear One?"

The New King of Little Red Dot was even more worked up. He roared, "You have made the situation worst! Get out of my elite-uncaring face! You moron! Idiot! Jinx!" He went to his secret safe hidden behind an ancient painting hanging on the wall of his palatial master-bedroom and took out his father's Knuckle Duster. He chanted a few magic words but it did not work. Jinx Forever laughed like a witch's screech and said, "You have forgotten the magic words your father had transferred to you ... ha ha ha ha .."

The New King's temper hit the roof. He threw the Knuckle Duster straight into the face of Jinx Forever. She dodged and it missed her entirely. She grabbed hold of a small stool in front of her dressing desk and dashed toward her husband. She was so fast that the New King had no time to react. She used the small stool and whacked hard onto the head of her husband. He fell down to the floor unconscious, unable to even move a finger. Blood was oozing out from the wound on his head. She panicked.....

Jeannette Chong-Aruldoss, another member of the SPP, described the Ministerial Committee as a “tragic joke”. “It is like the Boss of ...

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